Those who argue the U.S. economy is weakening may have received further support for their argument.
U.S. employers boosted payrolls in July at the slowest pace since February, adding 92,000 jobs as the national unemployment rate ticked up to its highest level since the beginning of the year, a government report on Friday showed.
In addition, a separate report showed the U.S. service sector grew much more slowly in July. The Institute for Supply Management's services index fell to 55.8 last month from 60.7 in June, well below forecasts for a drop to 59.0. A number above 50 indicates growth.
The services sector represents about 80% of U.S. economic activity, including businesses like restaurants,hotels, banks and airlines.
Meanwhile, the Labor Department's report also included revisions to its estimates for job creation in each of the two prior months by a total of 8,000 - to 126,000 in June from a previously reported 132,000 and to 188,000 in May instead of 190,000.